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Kudlow says China's currency fall is money leaving the country: 'They're going to be in a heap of trouble'

From cnbc.com

President Donald Trump's chief economic advisor, Larry Kudlow, said Friday that he believes that China's economy is beginning to decline, pointing to U.S. tariffs as part of the pressure as the country's currency continues its sharp drop. "Some of the currency fall is money leaving China," Kudlow, director of the White House's National Economic Council, said in an interview with Bloomberg TV. "If money leaves China, and the currency could be a leading indicator, they're going to be in a heap of trouble." China on Friday released a proposal to add tariffs on $60 billion worth of U.S. goods, preparing to ... (full story)

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  • Category: Fundamental Analysis